The global cultivator and tiller machinery is expected to register a CAGR of 4.1% during the forecast period (2018 – 2023). Asia-Pacific has covered a major share in the market in 2017 and expected to remain as a major region in the market during the forecast period, owing to the increase in the utilization of cultivators in small farms, as power-full cultivators are much cheaper and work similar to small hp four wheeler tractors.
Cultivator And Tiller Machinery Market Major players: Deere & Company (John Deere), CNH Industrial , AGCO Corporation , CLAAS, Mahindra Tractors , Kubota Corporation , Highway Equipment (New Leader), Kuhn Group, Lanco Equipment, Amazone Ltd., Yanmar Company Limited, etc.
Global Cultivator And Tiller Machinery Market, Segmented By Machinery Type: Cultivators, Tillers.
Asia-Pacific Offers High Potential for Market Penetration Possibilities:
Improvement in productivity and ease of doing chores are the major reasons for the growing popularity of cultivators and tillers in agriculture. The growing population, food demand and necessity to increase yields are the primary drivers of the market. The demand for these products is increasing in developing countries like China, India, and Brazil as a result of the government subsidies in these countries. The prospects of cultivating and tilling machinery look bright as more and more farmers are adopting automation and precision agriculture practices in developing countries.
Asia-Pacific dominates the market in terms of volume. Europe and North America have the significant shares in both high-powered cultivators and gardening tillers. Also, market penetration opportunities lie in other developing regions such as South America and Africa.
Used Tillers Is Likely To Hinder the New Sales from Small Farmers:
The used tiller machinery also has a significant demand in the market, as these products are offered with much lower prices, targeting low-income customers, such as small-scale farmers. It has been identified that the farmers main objective is to achieve low agricultural expenses during the cultivation process. This objective compels the farmers to purchase low-cost machinery like tillers, in their small and medium-scale agricultural lands.
- January 2017: Kubota Corporation has launched new autonomous rice transplanter which automatically plant seeds in eight rows at a one go and is expected to attract large size farmers in the future..
Regions Covered in this report are as Follows:
United States, North America (Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa), RoW (Rest of World).
Reasons to Purchase this Report:
- The report analyses how the stringent emission control norms will drive the global Cultivator And Tiller Machinery market.
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- Study on the regions that are expected to witness fastest growth during the forecast period.
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